1. Credit counseling is an industry that has popped up because of a lack of one very simple thing, education. Its the thing that is not taught in our schools which is causing all of this financial crisis the country is jammed up in. All that a credit counselor really does is say to you to [...]
1. During the refi boom of 2002-2007 adjustable rate mortgages always had lower interest rates than fixed rate mortgages. In most cases they were considerably lower. As an example you could get a 3 year ARM with an interest almost 2% lower than a 30 year fixed mortgage. This was the same case for the [...]
1. Treasury Secretary Henry Paulson said today they are going to create a new “Covered Bond Market” to help with the mortgage mess going on in the U.S economy. By going to a covered bond market it really puts the weight on two financial institutions not just one to make sure the loan is good. 2. [...]
